Presented below are the data on three promissory notes. Determine the missing am

Question

Presented below are the data on three promissory notes. Determine the missing amounts (round answers to 0 decimal places, e.g. 125 Assume length of year = 360 days.)


Date of
Note                Terms    Maturity        Principal     Annual Interest             Total Interest
                                     Date                                     Rate

April 1                60 days    ?                $600,000           9%                                      ?
July 2                 30 days    ?                  90,000             ?                                     $600
March 7            6 months  ?                  120,000          10%                                      ?

Explanation / Answer

Date of
Note

Terms

Maturity
Date

Principal

Annual
Interest Rate

Total
Interest

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